Millersville, MD
Commercial Real Estate Market Trends & Data

$767 Avg asking sale price
$2,090 Avg asking lease rate
8,232 SF Avg unit lease size
9,016 SF Avg building size for sale
6.80% Average cap rate

Millersville's Demographic Profile

Millersville has 29,479 households and a median income of $118,991, providing context for rent absorption and tenant demand across retail and multifamily assets. A +2% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 81,432
# Households 29,479
Median age 41
Median household income $118,991
Avg household size 3.0
Renter-occupied housing units 4,944
5-year population change +2%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Millersville, MD

↻ Updated Monthly

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Nearby Retail Markets Avg Cost/SF Typical Size
Millersville $821 10,088 SF
Pasadena $821 10,088 SF
Riviera Beach $821 7,369 SF
Glen Burnie $500 9,249 SF
Curtis Bay $644 7,497 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Millersville $82 16,525 SF 7.00%
Pasadena $82 4,950 SF 7.00%
Glen Burnie $82 16,525 SF 7.00%
Curtis Bay $127 3,341 SF 13.39%
Brooklyn $127 3,341 SF 13.39%

Commercial Properties For Sale in Millersville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

697 Maryland Route 3 N

Gambrills, MD 21054

  • 1,500 SF Office Building
  • $715,000
For Sale

8457-8459 Fort Smallwood Rd

Pasadena, MD 21122

  • 2,422 SF Retail Building
  • 5.50% Cap Rate
  • $3,077,742
For Sale

The Human Bean

Pasadena, MD 21122

  • 1,685 SF Retail Building
  • 6.00% Cap Rate
  • $1,795,000
For Sale

Riviera Drive

Pasadena, MD 21122

  • 0.21 AC Lot
  • 1 Residential Income Lot
  • $599,000
For Sale

Building 4

Millersville, MD 21108

  • 36,847 SF Flex Building
  • $595,000
For Sale

8035 Fort Smallwood Rd

Baltimore, MD 21226

  • 18,000 SF Retail Building
  • 8.70% Cap Rate
  • $2,300,000

Average Price For Sale

↻ Updated Monthly

Average Size For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Millersville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Millersville $767 9,016 SF
Pasadena $912 8,200 SF
Severna Park $218 14,751 SF
Riviera Beach $897 21,441 SF
Glen Burnie $387 42,931 SF

Regional Demographic Comparison

This comparison places Millersville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Millersville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Millersville 81,432 29,479 41 $118,991 3 4,944 2%
Pasadena 34,852 12,776 38 $110,359 3 2,563 3%
Severna Park 39,877 13,547 43 $163,721 3 1,477 2%
Riviera Beach 12,254 4,682 40 $108,442 3 810 3%
Glen Burnie 72,141 27,894 39 $81,914 3 11,476 2%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Millersville, MD and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Millersville

View All Commercial Real Estate For Sale in Millersville
Is Millersville a good market for a first-time commercial real estate investor?

Millersville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Millersville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Millersville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Millersville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Millersville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Millersville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Millersville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Millersville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Millersville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

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